The Energy Revolution has begun and will change your lifestyle

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The Energy Blog is where all topics relating to The Energy Revolution are presented. Increasingly, expensive oil, coal and global warming are causing an energy revolution by requiring fossil fuels to be supplemented by alternative energy sources and by requiring changes in lifestyle. Please contact me with your comments and questions. Further Information about me can be found HERE.

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April 05, 2005

News of the day 4/5/05

I just heard T. Boone Pickens, the legendary founder of Mesa Petroleum the nations largest independent oil producer, on CNBC TV predict that demand for crude would reach 87 million barrels per day in the 3rd quarter of this year and that he did not see how more than 84 million barrels per day could be produced. Prices would go above $60 per barrel. He had earlier predicted that we would see $60 oil before we saw $40.

So where do we go from here? Is this a tangible sign that peak oil is imminent?

Comments

My greatest fear is these are exactly the kind of "tangible signs" that we're going to get until all of the sudden we're at $90/bbl. It's going to be incremental until there's one more terrorist attack, or one more supply problem, or or or...(you get my point).